economy
CNBC Daily Open: Oil Worries Flare as Tech's Winners Split From the Pack
Renewed Middle East tensions are in focus, after Iran reportedly attacked a cargo ship, OPEC faces potential exit of Iraq, and Iran and the U.S. disagree over funds use.
TL;DR
- Renewed Middle East tensions could lead to higher oil prices.
- Reports suggest Iran attacked a cargo ship in the Strait of Hormuz.
- Tehran and Washington are in disagreement over the use of unfrozen Iranian assets.
- Iraq is reportedly seeking a higher output quota from OPEC and may leave the cartel.
- The tech sector shows a split, with Micron's earnings surging but Apple's shares falling.
- Inflation remains a concern, with mixed signals from Federal Reserve presidents.
- Demand for memory amid the AI boom is fueling growth for some tech companies.